Home News Property

GuocoLand's JV tender for Lentor Hills Road land parcel accepted at bid price of $586.6 mil

Felicia Tan
Felicia Tan1/26/2022 11:30 PM GMT+08  • 2 min read
GuocoLand's JV tender for Lentor Hills Road land parcel accepted at bid price of $586.6 mil
The bid price translates to $1,060 psf per plot ratio.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

GuocoLand, on Jan 26, announced that its tender for a land parcel at Lentor Hills Road (Parcel A) has been accepted by the Urban Redevelopment Authority (URA) at a bid price of $586.6 million.

The bid price translates to $1,060 psf per plot ratio.

The tender was previously submitted by a consortium made up of GuocoLand’s wholly-owned subsidiary, GuocoLand (Singapore), together with Hong Leong Holdings’ subsidiary Intrepid Investments and TID Residential. TID is a joint venture between Hong Leong and Mitsui Fudosan.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.